After a car accident, the next step is to file a claim and seek compensation from the insurance company. The tricky part is knowing the value of car accident claim. You need to know how the claim is calculated so that you can determine how much your claim is worth. Before you file a claim, you must provide all the evidence required so that the insurance company can be able to calculate the worth of your claim.
How is the car accident claim calculated?
Damage to the vehicle
When it comes to car accident claim, the insurance company will take time and assess the damage to the vehicle. For instance, if your bumper was damaged, then you will be compensated for the repair of the bumper. The insurance company will always calculate the cost of repair and give you the necessary compensation to take care of the repair. In cases where the cost of repair is too much, the car will be salvaged, and you will be compensated the cost of the car. However, when the compensation is being calculated, depreciation of the car will be kept in mind.
If you incurred injuries during the accident, then you will be compensated for the injuries. When it comes to injuries compensation, the compensation will be based on the medical report presented by the doctor. For instance, the insurance company will pay all the medical bills that are associated with the accident. The amount of compensation will be about the extent of the injury; the medical report will always influence the compensation that you get.
Pain and suffering compensation
After the injuries have healed and there is no other treatment associated with the injuries expected, you will be compensated for pain and suffering. The idea of this type of compensation is for the sake of compensating you for the drastic changes brought about by accident. For instance, if you have been confined to the wheelchair after the accident, then you need to be compensated because your life will never be the same.
Type of insurance
The type of insurance cover will also determine the type of insurance claim that you get. The insurance company will sometimes not cover third parties involved in the accident. You need to determine the type of car insurance first.